Group 1 - TerraVest Industries Inc. has successfully closed a bought deal treasury offering, issuing 2,001,000 common shares at a price of $160.30 per share, resulting in gross proceeds of $320,760,300 [1] - The offering included the full exercise of an over-allotment option, contributing an additional 261,000 shares for gross proceeds of $41,838,300 [1] - The net proceeds from the offering will be used primarily for repaying existing debt and supporting general corporate activities, with future allocations for acquisitions or growth opportunities [2] Group 2 - TerraVest is a diversified industrial company that manufactures and sells products for various end-markets, including home heating products, propane, and natural gas liquids transport vehicles [3] - The company aims to acquire and operate market-leading businesses that can benefit from its financial and operational support [3]

Core Viewpoint - TerraVest Industries Inc. has announced an increase in its bought deal treasury offering due to strong investor demand, aiming to raise approximately $278.9 million through the sale of 1,740,000 common shares at a price of $160.30 per share [1][2]. Group 1: Offering Details - The offering consists of 1,740,000 common shares priced at $160.30 each, resulting in gross proceeds of approximately $278,922,000 [1]. - An Over-Allotment Option allows underwriters to purchase an additional 261,000 shares, potentially increasing total gross proceeds to $320,760,300 if fully exercised [2]. - The offering will be conducted via a prospectus supplement to the base shelf prospectus dated May 8, 2024, and may also be offered in the U.S. under certain exemptions [3]. Group 2: Use of Proceeds and Closing - The use of proceeds from the offering will remain consistent with previous disclosures made by the company [4]. - The closing of the offering is anticipated around May 23, 2025, pending customary regulatory approvals [4]. Group 3: Company Overview - TerraVest is a diversified industrial company that manufactures and sells products across various end-markets, including home heating products and transport vehicles for propane and natural gas liquids [8]. - The company focuses on acquiring and operating market-leading businesses, leveraging its financial and operational support [8].

Core Viewpoint - TerraVest Industries Inc. has announced a bought deal offering of 1,500,000 common shares at a price of $160.30 per share, aiming for gross proceeds of approximately $240.45 million to support debt repayment and future acquisitions [2][4]. Group 1: Offering Details - The offering will be conducted by a syndicate of underwriters, including National Bank Financial Markets, Canaccord Genuity, and Desjardins Capital Markets [2]. - An over-allotment option allows underwriters to purchase an additional 225,000 shares, potentially increasing total gross proceeds to $276.52 million if fully exercised [3]. - The closing of the offering is expected around May 23, 2025, pending regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the offering will initially be allocated to repay existing debt and support general corporate activities, with future acquisitions in mind [4][5]. Group 3: Company Overview - TerraVest is a diversified industrial company focused on manufacturing and selling goods and services across various end-markets, including home heating products and energy processing equipment [11]. - The company aims to acquire and operate market-leading businesses, leveraging its financial and operational support [11].